Financial

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SOLJETS opens brokerage firm

Article | Jan 20, 2016

Chicago-based brokerage firm SOLJETS announced its launch on Jan. 20, stating that its goal is to bring more people into the world of high-performance aircraft ownership.

Mitsui takes ownership stake in Quest Aircraft

Article | Jan 19, 2016

A $10 million investment this month will net Mitsui & Co. a 12.5-percent stake in Quest Aircraft.

Aircraft resale trade group awards scholarships

Article | Jan 19, 2016

Six university students majoring in aviation business- and management-related fields have been named recipients of 2016 scholarships from an aircraft sales and brokerage trade association.

Zenith, Zenair buy SAM Aircraft

Article | Jan 19, 2016

Zenith Aircraft and Zenair announced Jan. 18 that the businesses had purchased SAM Aircraft, maker of the experimental SAM LS.

Flying Musicians Association opens 2016 scholarship

Article | Dec 28, 2015

The Flying Musicians Association has announced its 2016 FMA Solo Program scholarship to help high school musicians and student aviators achieve their goal of solo flight.

Two kit aircraft moving to market

Article | Dec 22, 2015

While the kitplane Merlin promises to drive new airplane costs as low as they can go, the LoCamp kit promises to make flying as fun as it can be.

Club Spotlight

Article | Dec 20, 2015

In 2004, Brian Binnie was at the controls of SpaceShipOne on its second flight to space within a week to win the $10 million Ansari X Prize. About 25 years earlier he learned to fly in gliders with the Soaring Tigers flying club while a student at Princeton University. Today the Soaring Tigers continue to focus on flight training and provide one of the lowest cost points of entry into aviation. Club President David Hunter and Board Member Marty Schneiderman share their experience in this month’s Club Spotlight.

Colorado VFW holiday food, toy drive 'gratifying'

Article | Dec 09, 2015

Pilots delivered more than two tons of food and toys to Veterans of Foreign Wars members during the Colorado Aviation Business Association’s fifth annual holiday charity drive and airlift.

Alaska considers increasing fuel tax

Article | Dec 03, 2015

Because of the dramatically low price of crude oil, Alaska is facing a budget short fall in excess of $3 billion. Consequently, the state government is looking for ways to decrease services or find supplemental streams of revenue.

Gulfstream to trim 1,100 jobs

Article | Dec 03, 2015

Business jet manufacturer Gulfstream will trim 1,100 jobs, but testing of its new 18-passenger G500 will proceed as planned.

Club Spotlight

Article | Nov 22, 2015

When Al Waterloo bought a 2004 Cirrus SR20, his goal was to operate a flight school on the South Side of Chicago at Lansing Airport (IGQ). The airplane wasn’t flying enough so he decided to form a flying club and looked to the Cirrus Jump Start program as a model. The club is still in formation, but it has about a half dozen members and mixes primary training and cross-country flying. Learn how Al is making the transition to a flying club in this month’s Club Spotlight.

Sennheiser exits pilot market

Article | Nov 20, 2015

Four years after jumping into the high-end pilot headset market, Sennheiser is jumping out entirely.

Pilot career fair outlines hiring frenzy

Article | Nov 18, 2015

According to recent hiring trends the future for professional pilots is looking up and an aviation career fair and conference in Orlando, Florida, explains the rapid growth.

Flexjet gives Aerion a vote of confidence

Article | Nov 17, 2015

Flexjet chief Kenn Ricci said he is helping Aerion generate "buzz" by making the first fleet purchase of the supersonic Aerion AS2 business jet.

One Aviation looks to global market

Article | Nov 16, 2015

Declaring the Eclipse 550 a “mature” design, One Aviation CEO Alan Klapmeier said the next step in the light jet’s development is global expansion.

You want a jet, but can you get a loan?

Article | Nov 16, 2015

Banks got a scare when Fifth Third Bank took a $30 million hit on mid- and large-cabin jets this year. Can you still get a loan for a jet?

Challenger 650 entering NetJets service

Article | Nov 16, 2015

Bombardier and NetJets celebrated the entry into service of the $32.35 million Challenger 650 at the National Business Aviation Association convention in Las Vegas Nov. 16.

Honeywell reins in jet forecast

Article | Nov 15, 2015

Honeywell's annual jet sales prediction shows the lowest 10-year forecast in several years, citing the overall lackluster economic recovery.

Cobalt Aircraft restarts sales efforts

Article | Nov 12, 2015

Cobalt Aircraft has tried to launch a four-to-five-passenger canard aircraft for a decade and is now taking pre-orders for a certified version in California, but will need $30 million to complete certification.

Avionics sales soft

Article | Nov 11, 2015

A report released Nov. 10 by the Aircraft Electronics Association shows a soft market for general aviation avionics, with a 7.5-percent year-over-year decline.

Letters From Our October Issue

Pilot Magazine | Nov 10, 2015

Have complicated modern avionics affected airmanship? Barry Schiff’s take on the subject struck a chord with readers.

Piston sales falter

Article | Nov 09, 2015

Aircraft sales data released Nov. 6 by the General Aviation Manufacturers Association showed piston and turboprop sales in a continued slump.

Quick Look: Mitsubishi Diamond IA

Pilot Magazine | Nov 09, 2015

Mitsubishi Heavy Industries’ MU–300 Diamond has roots dating back to 1969.

Flight schools can get sims via pay-per-use program

Article | Nov 06, 2015

One-G simulation will deliver and install an FAA-approved advanced aviation training device with no up-front cost.